BitcoinLong
BTC Long
From the beginning, I saw BTC as a picture of the dotcom bubble. If you look at the dotcom bubble you can see the first rise to fall was approximately 7 years followed by a smaller up that rise to fall lasted about 7 years. Obviously crypto went through the cycle significantly faster. We saw the first significant up last around 21 months and if we use this for the second phase we don't revisit a higher low (App. 4-5.5k) till the end of September 2020. So what does this mean for the short term? I would say we definitely aren't falling quick, which leaves room to play the volatility of the market as sideways is not something crypto is accustom to. However, it should come as no surprise if the market doesn't skyrocket off of this. We could go as high as 16k (but unlikely). The second phase of the dotcom went above its marginal curve at the end before the crash of 2008. BTC could still do this or the up at the beginning to 14k may have been just that. If it was we could see a slow bleed down to 4-5.5 over a period of months. Alts like XRP, Stellar, OX (ones I follow) still need time to pump prior to the btc 4-5.5k. In every bubble, there are winners and losers so the verdict is still out on what alts will really do. One thing I am pretty strong about is BTC having already hit its bottom when it hit the 3k area. Note: I am not professional, not even an amateur, I am simply your voice of reason.
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